DFINITY Foundation is doubling down on its Web3 strategy with the launch of the Internet Computer Protocol (ICP) Asia Alliance. The organisation also announced a $20 million grant program as it seeks to foster a vibrant Web3 and AI ecosystem in Asia with a focus on the adoption of the ICP blockchain.
According to the announcement, the alliance is bringing together a diverse range of stakeholders including government organizations, investors, tech entrepreneurs, universities, developers and community members.
The ICP Asia Alliance aims to help individuals and businesses in harnessing the transformative power of AI and Web3 through education, collaboration and innovation. The alliance will benefit from the ICP’s network of innovation hubs spread across the region including Hong Kong, India, Malaysia, Philippines, South Korea, Indonesia, and Singapore.
Asia has been at the forefront of web3 adoption due to its clear regulatory framework with countries like Hong Kong and Singapore as good examples.
Commenting on the announcement, Dominic Williams, Founder and Chief Scientist of the DFINITY Foundation, stated: “Asia has emerged as a pivotal region for the Internet Computer and the broader web3 ecosystem. Much of the early support and adoption for ICP and DFINITY originated from Asia, where some of the most talented ICP developers are based.”